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JBT Marel Corp
XMUN:JBT

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JBT Marel Corp
XMUN:JBT
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Price: 112.98 EUR 1.64% Market Closed
Market Cap: €5.9B

JBT Marel Corp
Investor Relations

JBT Marel Corp. is a technology solutions provider, which engages in the food, beverage, and air transportation industries. The company is headquartered in Chicago, Illinois and currently employs 11,500 full-time employees. The company went IPO on 2008-07-18. The firm designs, produces and services sophisticated products and systems for multi-national and regional customers. Its businesses include FoodTech and Automated Systems. The FoodTech products and services categories include blow molders, brine preparations, choppers, cutters and emulsifiers, clipping and packing, can seamers and closers, breaders and coaters, contract manufacturing, evaporators and concentrators, and others. Its FoodTech products are marketed in various markets, such as baby food, bakeries and confectionaries, dairy & dairy alternatives, fish and seafood, sweet spreads, honey & syrups, and others. The Company’s Automated Systems serve various industries such as food and beverage, automotive, building materials, tissue, paper and packing, hospitals, pharma and life science, fast-moving consumer goods, manufacturing, warehousing, and others.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 5, 2026
AI Summary
Q1 2026

Strong start: JBT Marel said it had a solid first quarter, with orders above $1 billion for the second straight quarter and revenue up about 10% year over year.

Margins improved: Consolidated adjusted EBITDA margin rose to 15.2%, helped by synergy savings, strong execution, and better leverage in Protein Solutions.

Guidance unchanged: Management kept full-year 2026 guidance intact and said it still expects 6% revenue growth at the midpoint, 145 basis points of margin expansion, and 29% adjusted EPS growth.

Cash and debt: Free cash flow was very strong at $100 million, and leverage fell to 2.6x, with the company still targeting about 2x by year-end.

Poultry remains key: Demand from poultry customers was described as robust and broad-based, with North America still earlier in the cycle and possible upside from higher line speeds and line splits.

Prepared Food pressure easing: Prepared Food and Beverage was flat in revenue, but management expects improvement later in the year as warehouse automation headwinds fade and demand recovers.

Tariff impact contained: The company said tariff changes are a headwind, but the full-year guide already reflects a 25 to 50 basis point drag after mitigation actions.

Key Financials
Revenue
$936 million
Organic revenue growth
4%
Adjusted EBITDA
$142 million
Adjusted EBITDA margin
15.2%
Orders
more than $1 billion
Protein Solutions revenue
$460 million
Protein Solutions adjusted EBITDA margin
21.7%
Prepared Food and Beverage Solutions revenue
$476 million
Prepared Food and Beverage Solutions adjusted EBITDA margin
14.7%
Free cash flow
$100 million
Free cash flow conversion to adjusted EBITDA
70%
Leverage ratio
2.6x
Full-year revenue growth guidance
6% midpoint
Full-year adjusted EBITDA margin guidance
145 basis points expansion midpoint
Full-year adjusted earnings per share guidance
29% improvement midpoint
Tariff headwind
25 to 50 basis points
2028 organic revenue CAGR target
5% to 7%
2028 adjusted EBITDA margin target
20%
Earnings Call Recording
Other Earnings Calls

Management

Contacts

Address
ILLINOIS
Chicago
70 W Madison, Suite 4400
Contacts
+13128615900
www.jbtc.com
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